St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-28

tary OF the treasury his annual report OF
the operations of the mints and assay
offices for the fiscal year 1887. The
value of the gold and silver received at
the mints and assay Offices during the
year was greater than any previous
wear since 1881. The value of the gold
deposited was SOS, 223, ,O72. In addition
there are re-depOsitS of the value of
SIS, 193.7 .706. The value of the silver de-
posted and purchased was SAT, 756, ,91S.
In addition there were re-depOSitS of
silver amounting to 1862, 13. OF the gold
deposited S32, ,973, ,027 was of domestic pro-
duction, S22,571,328 of foreign gold
bullion, S9,S96,512 of foreign gold coin,
S516,9S4 of United States gold coin and
g., 265, ,219 of old material. The coinage
of the fiscal year was as follows: Gold,
3,724, ,720 pieces; value 81, 3.279. Sill
yer, A, ,231 .2SS pieces: value, S34 500, ,4S3.
Minor coins, 50,166,5O9 pieces; value,
$943,65O. In addition to the coinage
executed during the year, gold and
silver bars were manufactured as fol-
lows: Gold, S5S. 1SS, ,953; silver, S6,4S1,-
Gil. The silver bullion purchased dur
ing the year for the silver dollar COIN
age was &c, 49,, ,342 standard ounces of
the cost of S25, ,0SS, $50. The average
cost was S0.9S.107 per fine ounce. The
average London price for the year at
the average rate of exchange was $685.
14S. The number of silver dollars made
was 3,266,S3i. Ten million nine hun
dred and one thousand nine hundred
and twenty-eight silver dollars were dis
tributed from the mintS during the year
and 0,500, 200 transferred to the treas
ury. The SeigniOrage on the silver dol
lars coined during the year was S7,923,-
55S, and on the subsidiary silver S31,-
104. The number of
TRADE DOLLARS REDEEMED
by the treasury of the United States
under provisions of the act of March 3,
1887, authorizing their redemption, was
7.6S9.O36. The number imported from
the passage of the act to September f.,
1887, was S5O,561. The trade dollars re-
deemed have all been transferred to the
mints or the assay Office at New York
and melted into bars ready for coinage.
The loss by abrasion was 40,2l5.79 stand
ard ounces, equivalent to 1851 trade
dollars. If the trade dollars redeemed
are coined into subsidiary silver, the
will be S631,574. If coined into standard
silver dollars, S93,OOO4. The mint at
Philadelphia has been taxed to
its utmost capacity to execute
the large minor coinage demanded OF
it in addition to the mandatory coinage
of silver dollars. Notwithstanding the
large number of pieces struck, the de-
mand for minor coins is still far beyond
the capacity of the mint to promptly fill
the orders. The expenditure for the
service of the mints and assay offices
during the year was S1.1S9. 500. The
expenditure of the acid refineries was
s165, ,S37, against an earning of s143,2
The total earnings from all sources
amounted to IS, ,S42, ,S1S. and the total ex-
penseS and losses of all kinds to 81 l,437.-
All. The value ofsthe gold and silver
bars issued from the United States assay
office at New York and the mint at
Philadelphia for use in the industrial
arts during the year was 1886, 10 gold
and s., 4,471.646 silver. The director eS-
Inmates the stock of coin in the United
States to have been on the 1st of July,
1857, gold S569, ,00S. .065; silver. s3S2, ,547, :
GIG. In addition there was bullion in
the mints as follows: Gold, 49,, ,4l2, ,27O;
silver, S10,455,650. The director esti-
mates the stock of gold and silver coin
in the United States on Nov. 1, 1887, to
have been: Gold. 1914, 727.S73: silver
dollars, s277, 40, 157; subsidiary silver,
S75, 15S, 1S6.